Iraq sets the price of a barrel of oil in next year’s budget

political| 05:37 – 09/08/2021

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Baghdad – Mawazine News
, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set, on Monday, the expected new selling price of oil within the draft federal budget law in Iraq for the year 2022, while specifying the condition for reducing the likely deficit in the new budget.
Saleh said, “The price of a barrel of exported oil in the estimates of the general budget for 2022 will be higher than the price approved in the current year’s budget of $45,” noting that “the increase in the new price will be from 15 to 20% over the current price.”
He added, “The price increase will depend on the price developments of crude oil in the global market at the beginning of next autumn,” noting that “in all cases, the amount of 52 dollars may be adopted as the price of a barrel of exported oil as a minimum, and the upper limit is 55 dollars, taking into account the increase In the quantities of production in light of the “OPEC Plus” agreement to gradually increase the quotas of member states, including Iraq, by two million barrels for all over the coming months.
He pointed out that “the expected deficit in the budget may decrease to 50% during the 2022 budget, provided that non-oil revenues increase and spending factors remain constant.” Ended 29 / h

https://www.mawazin.net/Details.aspx?jimare=163257

Oil Minister: We are working to solve outstanding problems with Kurdistan through dialogue

08/09/2021 17:23

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  • Section : Iraq

Baghdad / Obelisk: Oil Minister Ihsan Abdul-Jabbar stated, on Monday, August 9, 2021, that the federal government and the Ministry of Oil stress the need to deal with high transparency with the management of oil wealth throughout Iraq, and work to solve outstanding problems with the Kurdistan region through dialogue, exchange and respect of views with Putting the national interest above all considerations.

During his meeting in Baghdad with the Minister of Natural Resources in the Kurdistan Region, Kamal Hamid Al-Atrushi, Abdul-Jabbar said: We welcome cooperation with the Ministry of Natural Resources in the Kurdistan Region and our readiness to work to remove all technical and financial problems and obstacles in order to preserve the national wealth that belongs to the Iraqi people, as stipulated in the constitution. .

The Minister of Oil expressed the hope that the meetings and dialogues with the region would lead to opening a new page of serious objective dialogue to solve outstanding problems and to serve the Iraqi people from north to south, according to the constitutional texts that organized the rights of the provinces and regions.

For his part, Minister of Natural Resources Kamal Hamid Al-Atrushi called for joint cooperation with the Ministry of Oil and the Federal Government, and to work together to open new horizons in bilateral relations towards the optimal investment of national wealth throughout Iraq and to work on developing oil and gas fields and establishing joint projects in an integrative manner that would lead To make good use of oil wealth to serve the public interest.

He said: During the meeting, we saw great cooperation and response to discuss and solve all outstanding problems between the center and the region, as well as activating new formulas and agreements that guarantee cooperation to develop the oil and gas industry in support of the national economy and sustainable development.

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A source reveals: Iraq will sponsor direct talks between Iran and America at the Baghdad summit

politicsIranAmericaBaghdad summitLive chat 2021-08-09 10:44A-AA+

Shafaq News/ An informed government source revealed, on Monday, that Iraq is seeking to sponsor direct talks between the United States and Iran during the Baghdad summit expected at the end of this month, which brings together leaders of neighboring countries.

The source told Shafaq News Agency, “Prime Minister Mustafa Al-Kazemi will work through the Baghdad summit to conduct a direct dialogue between Tehran and Washington, under Iraqi sponsorship.”

He stressed that “there is a welcome from both sides (Iran and America) for these Iraqi endeavors.”

An informed source in the Iraqi government revealed to Shafaq News Agency on the third of August that Prime Minister Mustafa Al-Kazemi is working to establish a regional summit in the capital, Baghdad.

The source said that it is hoped that the countries surrounding Iraq will participate in this summit, in addition to Qatar, the UAE and Egypt.

Yesterday, Sunday, the Parliamentary Foreign Relations Committee revealed the names of the Arab and foreign countries that will participate in the Baghdad summit.

Committee member Amer Al-Fayez told Shafaq News Agency, “There are about 10 countries that will participate in the regional summit in the capital, Baghdad, including Turkey, Iran, Saudi Arabia and other Arab countries, in addition to the participation of European countries and the United States of America.”

And he indicated that “the regional summit will discuss controlling borders between countries, strengthening the security, political and economic aspects, resolving the water crisis and contributing to resolving differences between some countries in the region.”

Also yesterday, Iraqi Prime Minister Mustafa Al-Kazemi invited Saudi King Salman bin Abdulaziz to attend the summit meeting of Iraq’s neighbors scheduled to be held in Baghdad at the end of this month.

And earlier today, Monday, French President Emmanuel Macron announced his desire to attend the “Baghdad Conference” to be held in the Iraqi capital at the end of this month.

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Al-Kazemi and Macron discuss preparations for the Baghdad conference and international developments

Baghdad / Obelisk: Prime Minister Mustafa Al-Kazemi received, on Monday, August 9, 2021, a phone call from French President Emmanuel Macron, during which they discussed bilateral relations between the two countries.

The media office of the Prime Minister stated in a statement received by “The Obelisk” that Al-Kazemi received a phone call from French President Emmanuel Macron, during which they discussed bilateral relations between the two countries, as well as discussing the current regional situation and international developments.

During the call, the two sides also discussed the ongoing preparations for holding a regional conference that will be hosted by Iraq at the end of this month. Coordination was made to hold it in cooperation with France. The French president confirmed his aspiration to visit Iraq again and attend the conference.

Al-Kazemi indicated, according to the statement, that France is a real partner for Iraq, and that the two countries have a long history of constructive relations, which we seek to develop in various fields.

For his part, the French President announced his full support for Iraq, and for the Prime Minister in his approach and measures to strengthen Iraqi state institutions, while President Macron also praised the balanced Iraqi diplomacy, led by Prime Minister Mustafa Al-Kazemi, and its contribution to consolidating the foundations of peace and stability.

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An upcoming security meeting between the Peshmerga and the Iraqi army to implement the terms of joint coordination

Kurdistandisputed areasArticle 140The Iraqi Army and the PeshmergaCoordination centers 2021-08-09 07:21A-AA+

Shafaq News/ A military commander in the Peshmerga revealed, on Monday, that an expected meeting was held between the Ministries of Defense and the Peshmerga, to implement the terms of the Joint Security Coordination Agreement, in the disputed areas.

The deputy commander of the second axis of the Peshmerga (Qarah Tabbah – Hamrin), Major General Muhammad Rostom, told Shafaq News Agency, “The meeting will discuss the implementation of the rest of the provisions of the joint coordination agreement in the disputed areas in Diyala and other provinces, after the opening of 4 security coordination centers earlier in Diyala and Kirkuk.” Nineveh and Makhmour.

Rustom added that there is “security coordination between the Peshmerga and the defense after the formation of the joint security coordination rooms to exchange security information, coordinate efforts to chase ISIS elements and secure security sectors and the movement of army and Peshmerga units according to military responsibilities.”

The military commander suggested implementing the rest of the terms of the joint coordination agreement “after completing the transfer and deployment of the first division of the Iraqi army in Diyala, and closing the security gaps in the disputed areas as much as possible, despite their vast and rugged areas.”

He stressed the reduction of the movements of ISIS elements in the areas of responsibility of the Peshmerga in the outskirts of Diyala and other governorates, due to “intelligence detachments, follow-up patrols and security monitoring, which prevented the organization’s elements from approaching the Peshmerga stationing points.”

The details of the joint coordination agreement between the Ministries of Defense and the Peshmerga include the opening of 4 joint coordination centers in Makhmour, near the Erbil borders, and in Kirkuk and Tuz Khurmatu, east of Salah al-Din, and Khanaqin in Diyala.

The first item of the agreement has been resolved, which is to start opening operations centers or joint coordination, while the three items of the agreement are still under negotiation and research between the two sides to agree on a final mechanism on them.

The withdrawal of the Peshmerga forces from the disputed and mixed population areas in 2017, created security vacuums, which turned into loose security partitions on the outskirts of Diyala, Kirkuk, Nineveh and Salah al-Din.

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The French president announces his participation in the Baghdad summit

politicsbreakingEmmanuel MacronAl-KazemiBaghdad summit 2021-08-09 07:18A-AA+

Shafaq News/ French President Emmanuel Macron announced on Monday that he will attend the “Baghdad Conference” to be held in the Iraqi capital at the end of this month. 

The office of Iraqi Prime Minister Mustafa Al-Kazemi said in a statement received by Shafaq News Agency, that the latter received today a phone call from French President Emmanuel Macron, during which they discussed bilateral relations between the two countries, in addition to discussing the current regional situation and international developments.

The contact also discussed, according to the statement, the ongoing preparations for holding a regional conference that will be hosted by Iraq at the end of this month, which was coordinated to hold it in cooperation with France, where the French president confirmed his aspiration to visit Iraq again, and to attend the conference.

Al-Kazemi stressed that France is a real partner for Iraq, and that the two countries have a long history of constructive relations, which we seek to develop in various fields.

For his part, the French President announced his full support for Iraq, and for the Prime Minister in the approach he is following, and the measures to strengthen the Iraqi state institutions.

Macron also praised the balanced Iraqi diplomacy, led by Prime Minister Mustafa Al-Kadhimi, and its contribution to consolidating the foundations of peace and stability, according to the text of the statement.

A source in the Iraqi government revealed to Shafaq News Agency, last week, that Al-Kazemi is working to establish a regional summit in the capital, Baghdad.

It is hoped that the countries surrounding Iraq, in addition to Qatar, the UAE and Egypt, will participate in this summit, to be held after the middle or late of this month.

Al-Kazemi’s government has been working since taking power a year ago to restore Iraq’s relations with its Arab and regional surroundings, after the tension witnessed by previous governments.

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